Greenspan

Alan Greenspan(the Chairman of the Federal Reserve of the US)said "It's possible that many big banks may be nationarized for a time". This shake all of the world. The next day, most of investers sold Citibank and Bank of America's share and those prices has dropped below $2.

Most of American people believed he was the greatest economist 3 years ago but after sub-prime problem figure out people started thinking about the source of this financial crises may come from his idea.

He recognized he was wrong but I don't think he was wrong. I think he grew American economy after 9,11 and he did very well
but he should have stopped an easy-money policy earlier.

Anyway his remarks is very influential, he should speak more carefully.